Cash for keys
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Cash for keys (by Ken [NY]) Oct 13, 2020 7:24 PM
       Cash for keys (by NE [PA]) Oct 13, 2020 7:35 PM
       Cash for keys (by David [MI]) Oct 13, 2020 7:37 PM
       Cash for keys (by cjl [NY]) Oct 13, 2020 8:19 PM
       Cash for keys (by Ken [NY]) Oct 13, 2020 8:41 PM
       Cash for keys (by Robert J [CA]) Oct 13, 2020 9:31 PM
       Cash for keys (by plenty [MO]) Oct 13, 2020 9:34 PM
       Cash for keys (by NE [PA]) Oct 13, 2020 9:44 PM
       Cash for keys (by Hoosier [IN]) Oct 14, 2020 1:34 AM
       Cash for keys (by Steve [MA]) Oct 14, 2020 5:50 AM
       Cash for keys (by small potatoes [NY]) Oct 14, 2020 10:04 AM
       Cash for keys (by Ken [NY]) Oct 14, 2020 10:12 AM
       Cash for keys (by David [MI]) Oct 14, 2020 10:26 AM
       Cash for keys (by David [MI]) Oct 14, 2020 10:28 AM
       Cash for keys (by myob [GA]) Oct 14, 2020 10:29 AM
       Cash for keys (by Jeff [CO]) Oct 14, 2020 10:37 AM
       Cash for keys (by David [MI]) Oct 14, 2020 11:10 AM
       Cash for keys (by Ken [NY]) Oct 14, 2020 11:22 AM
       Cash for keys (by Oregon Woodsmoke [ID]) Oct 14, 2020 12:26 PM
       Cash for keys (by Jeff [CO]) Oct 14, 2020 12:43 PM
       Cash for keys (by NE [PA]) Oct 14, 2020 1:56 PM
       Cash for keys (by myob [GA]) Oct 14, 2020 3:00 PM
       Cash for keys (by SHAUN [FL]) Oct 14, 2020 3:16 PM
       Cash for keys (by 6x6 [TN]) Oct 14, 2020 5:48 PM
       Cash for keys (by Vee [OH]) Oct 14, 2020 6:29 PM
       Cash for keys (by BRAD 20,000 [IN]) Oct 15, 2020 1:01 AM
       Cash for keys (by BRAD 20,000 [IN]) Oct 15, 2020 1:14 AM

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Cash for keys (by Ken [NY]) Posted on: Oct 13, 2020 7:24 PM
Message:

A friend told me today that he offered a tenant $1000 to leave,cash for keys.He also said he has no intentions to actually pay her.This wont end well,any thoughts? --72.231.xxx.xxx




Cash for keys (by NE [PA]) Posted on: Oct 13, 2020 7:35 PM
Message:

Haha. With today's circumstances? If she's behind and he can't evict, this doesn't bother me at all. --70.44.xxx.xx




Cash for keys (by David [MI]) Posted on: Oct 13, 2020 7:37 PM
Message:

Make it vague so that what he actually meant was $1000 credit towards what she owes him.

Just because others lie and cheat doesn't mean you have to. --50.4.xxx.x




Cash for keys (by cjl [NY]) Posted on: Oct 13, 2020 8:19 PM
Message:

Hopefully he wasn't recorded and/or didn't text it to her. I'm sure she would "win" in court if --67.242.xx.xx




Cash for keys (by Ken [NY]) Posted on: Oct 13, 2020 8:41 PM
Message:

I am wondering if she sued him and he counter sued would he end up with a judgment for the unpaid balance? --72.231.xxx.xxx




Cash for keys (by Robert J [CA]) Posted on: Oct 13, 2020 9:31 PM
Message:

I do cash for keys and set up the money transfer dependant on the tenant doing their part, as put down in our contract and also I paying the money if the tenant moves out leaving the place in so so condition. Not trashed, damaged or vandalized.

Often I'll place the money in an escrow account and have a "third" party inspect and release the funds.

It is far better and cheaper to pay someone off who can only cause me more grief and aggravation....

Here in Los Angeles you have to pay someone who's over 62 or had dependant children a relocation fee around $20,000. So a problem tenant plays games only to try to get the MONEY! Instead I post a 24 hour notice and document the condition of the rental every month or so. When I find the tenant destroying the rental, I sink my attorney on them.

But if the tenant only wants a few bucks, I'd rather pay them off.. --47.155.xx.xxx




Cash for keys (by plenty [MO]) Posted on: Oct 13, 2020 9:34 PM
Message:

Ya might want to get some new friends. --172.56.xx.xx




Cash for keys (by NE [PA]) Posted on: Oct 13, 2020 9:44 PM
Message:

Plenty, j see this as a sign of the times. This is NOTHING compared to some things that will go down over the next few months.

If the tenant is playing the no eviction angle, then she deserves this. --70.44.xxx.xx




Cash for keys (by Hoosier [IN]) Posted on: Oct 14, 2020 1:34 AM
Message:

Sounds like rationalization....”they did something wrong so it’s ok if I lie to them”. Not something I would do. However, in such a situation I certainly would be firm on any damages and would do nothing extra to help them. --99.92.xxx.xxx




Cash for keys (by Steve [MA]) Posted on: Oct 14, 2020 5:50 AM
Message:

Next week's Mass Landlord's Zoom meeting is on this very topic.

Cambridge & Statewide Virtual Meeting Tues Oct 20: Cash for Keys Alternative to Eviction

This event will teach attendees the legal alternative to filing for eviction and waiting for a court hearing: the "cash for keys" mutual release.

A variety of factors make "cash for keys" arrangements desirable from an owner/manager point of view:

Rent arrears for many of us are into the tens of thousands of dollars;

The state legislature won't enact a housing guarantee because reasons;

The Governor's administration isn't setting aside enough money to pay for the arrears;

The judicial branch is working hard but ultimately can only do so much with a nine month backlog.

Is it time to cut your losses and move on? This presentation will review:

Have cash for keys been allowed under the MA eviction moratorium? (Yes, we'll review the case law)

What does a properly structured cash for keys agreement look like?

What is best practice for going forward given the state of the Massachusetts and CDC moratoriums.

What is the benefit of attempting a cash for keys mediated move-out, compared to waiting for a court date.

What is the likelihood of success of trying to game the system by filing a no-fault, no cause eviction when rent arrears are owed? (Hint: not good.)

What is best practice for starting the conversation with a renter who is long-term unstable in their current housing? --71.174.xxx.xx




Cash for keys (by small potatoes [NY]) Posted on: Oct 14, 2020 10:04 AM
Message:

Ken, that won't help our image. Seems like he reacted emotionally to the encounter. Did he really make that his 'plan'? If so it's not a good one. Let's say the tenni leaves and hands over the keys and then basically gets the finger. Might that be seen as a self help eviction? Then if cases like that occur, the legislature will go the Cali route and mandate exit fees, yikes! --24.194.xxx.xxx




Cash for keys (by Ken [NY]) Posted on: Oct 14, 2020 10:12 AM
Message:

Small potatoes,i was wondering if he could get in legal trouble despite her not paying 3-4 months rent and i think you have the right answer,i bet it could be called a self help eviction --72.231.xxx.xxx




Cash for keys (by David [MI]) Posted on: Oct 14, 2020 10:26 AM
Message:

i do not agree with the proposed action but I disagree it would be self-help eviction. It is basically the LL owing the tenant money and the tenant cannot sue under self-help eviction, only by filing a small claims case. --50.4.xxx.x




Cash for keys (by David [MI]) Posted on: Oct 14, 2020 10:28 AM
Message:

Suppose the LL did what tenants do every day (and twice on sundays), and gave tenant a $1000 check , but the check bounced. That would be a civil matter. Possibly passing bad check. But self-help eviction? I Dont think so. --50.4.xxx.x




Cash for keys (by myob [GA]) Posted on: Oct 14, 2020 10:29 AM
Message:

Ken very interesting. In my 35 years I've done this one time and it was 1000.00 In January 2020 after taking a house back through foreclosure the person we foreclosed on had to be evicted. They wouldn't leave although they insisted they were.

When the sheriff showed up with the eviction papers-- one court paper wasn't signed and he wouldn't execute the warrant. We set a time the next day when he would return. While we were in the front yard the tenant-- aka previous owner came out.

Since we had sold the property to them we knew their history pretty well. This is what I told them in front of the Sheriff.

My offer is 1000.00 cash tomorrow-- you hand me the keys to a broom cleaned house-- sign this document that you surrender the home to us voluntarily. The sheriff said this to them-- don't make me come back here tomorrow for a set out with this offer MADE to you.

I don't have a crystal ball by any means-- but can you imagine had I waited just 30 days longer? C-19??? My Oh My was I lucky!

Plan your end game in the calculation not just TODAYS PLAN. --99.103.xxx.xxx




Cash for keys (by Jeff [CO]) Posted on: Oct 14, 2020 10:37 AM
Message:

Cask for keys is a terrible practice. --76.120.xx.xxx




Cash for keys (by David [MI]) Posted on: Oct 14, 2020 11:10 AM
Message:

Indeed , with covid 19, casks are in short supply and very valuable! --50.4.xxx.x




Cash for keys (by Ken [NY]) Posted on: Oct 14, 2020 11:22 AM
Message:

Jeff,I agree,i have never given cash for keys,in my opinopn that will get around and every dirtbag will be lining up to rent my place just so they can get paid to leave when they dont pay me. --72.231.xxx.xxx




Cash for keys (by Oregon Woodsmoke [ID]) Posted on: Oct 14, 2020 12:26 PM
Message:

Its almost hard to imagine any tenant getting free rent for many more months in the near future would trade months and months of free rent for $1,000.

Normally, I refuse to give cash for keys. Make me mad enough that I have to take you to court and I'm out for blood, not offering you money.

But if I were in one of the states where you can't evict, I'd be thinking that cash for keys beats being stuck with a deadbeat until sometime next spring.

If I said I'd give $1,000, I'd give the $1,000. Then after they were all out and paid and I had my place back, I would sue them for back rent. (unless the deal had been $1,000 plus forgive the back rent) --76.178.xx.xx




Cash for keys (by Jeff [CO]) Posted on: Oct 14, 2020 12:43 PM
Message:

Ken, yup! --76.120.xx.xxx




Cash for keys (by NE [PA]) Posted on: Oct 14, 2020 1:56 PM
Message:

Image or no image, I'd imagine most of us on this forum would be signing a different tune 6-9 months into a tenant not paying rent & playing the covid card. Especially with no end in sight. --70.44.xxx.xx




Cash for keys (by myob [GA]) Posted on: Oct 14, 2020 3:00 PM
Message:

some thinking is very narrow on this. Lost 5 months of PITI from tenant-- 4K--- 1 month of rent---- legal bill of 500.00 -- set out crew 850.00. Had she been in there for C-19 it would have been 13 months already with no pay. She was gone for Feb. Turned and upped rent to 1075.00 Starting in March. So be stuck or pay out 1K? no brainer.

Of course it's not apt's either where tenants talk to each other. Doesn't really matter though. Stopped the blood letting. --99.103.xxx.xxx




Cash for keys (by SHAUN [FL]) Posted on: Oct 14, 2020 3:16 PM
Message:

I have only had one eviction...After it was all done ,attorney paid, court fees, Sheriff, lost rent, major damaged to property...I rethought Cash for Keys strategy. I would have been $,$$$ ahead. JMO --205.223.xxx.xx




Cash for keys (by 6x6 [TN]) Posted on: Oct 14, 2020 5:48 PM
Message:

I thought that was not allowed under the eviction moratorium.

Especially if they can prove that it is COVID related. --73.120.xx.xxx




Cash for keys (by Vee [OH]) Posted on: Oct 14, 2020 6:29 PM
Message:

Gonna need plywood to do that, even a 32 caliber can go thru plywood and glass. --76.188.xxx.xxx




Cash for keys (by BRAD 20,000 [IN]) Posted on: Oct 15, 2020 1:01 AM
Message:

Ken,

I agree that FREIND would no longer be my friend. I don’t want his attitude to rub off on me or risk someone associating him with me.

Our LL assoc would also drop him as a member.

I have offered CFK a few times, only one responded. $300. I think the key is to HELP them move out. They have no money to move out so offering cash AFTER move out is too late.

I offered to pay their new deposit directly to the LL and my crew and trailer for a few hours to haul in town.

I add the CFKs and labor to their bill.

BRAD --73.102.xxx.xxx




Cash for keys (by BRAD 20,000 [IN]) Posted on: Oct 15, 2020 1:14 AM
Message:

PS

It is a problem to solve.

I will pay (charge them) the first month’s rent on a storage unit to solve the “no place for my stuff” problem.

The labor and trailer solves the “my car is too small” and “bad back” problems.

In normal times most people are somewhat agreeable if we help them.

BRAD --73.102.xxx.xxx



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